India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

ICICI Securities has assigned a target valuation of ₹937 to WeWork India, citing strong growth prospects driven by GCC expansion, AI-led demand, and premium flexible office solutions. The brokerage expects robust revenue and EBITDA growth while highlighting the company’s ambitious plan to expand its portfolio to 11.6 million square feet.
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ICICI Securities has initiated coverage on WeWork India Management Ltd with a ‘Buy’ rating and a target price of ₹914 per share, implying a 47% upside. The brokerage cites strong demand for premium flex workspaces, robust growth in seats, and backing from Embassy Group, while Jefferies also maintains a constructive view on the stock.
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